BSE IT Technology Sector Regulatory Filings — May 14, 2026

FY26 revenue +9.2% YoY to ₹3,901.71M (Q4 +15.6% YoY to ₹997.41M), outperforming implied sector slowdown amid IT spending caution

Total income +4% YoY to ₹4,567.32M despite cost pressures, with unmodified auditor opinion signaling clean books

Board maintained ₹1 dividend per ₹2 share (yield ~1-2% est.), stable capital allocation vs prior years despite PAT collapse

Goodwill surged to ₹1,485.74M from ₹835.23M on acquisitions, positioning for inorganic growth in IT services

Board meeting scheduled May 20 for FY26 results, trading window closure since Apr 1 indicates no premature insider leaks

Trading window reopens May 17 for designated persons post-results, potential for insider buying if conviction high

Q4 revenue acceleration to +15.6% YoY vs FY +9.2%, signaling momentum into FY27

Compliance with SEBI Reg 29(1)(a) for results approval, standard governance reduces execution risk

Revenue ops +9% YoY despite 14% employee cost rise, operational leverage potential if costs stabilize

Audio transcript available for Q4FY26 investor call (May 14), enabling deep dive into management commentary

PBT -61% YoY to ₹231.92M, PAT -87.6-88% YoY to ₹59.31M amid exceptional ₹109.54M items

Employee benefits +14% YoY to ₹1,538.78M, outsourcing +19% YoY to ₹1,344.25M eroding margins

₹109.54M FY26 charges incl. ₹46.41M Labour Codes impact, recurring regulatory cost pressure

Implied operating margin compression >50% from revenue growth vs PBT collapse, 3rd straight QoY profit weakness est.

Trading window closed since Apr 1 until post-May 20, potential for weak FY26 print mirroring NIIT

Doubled to ₹1,485.74M post-acquisition, impairment risk if integration fails in competitive IT

Mixed sentiment on results despite unmodified audit, investor call needed for expense clarity

No buys reported, only window closures/reopens signal caution pre/post-results

Q4 +15.6% YoY outpaces FY +9%, buy on dip for FY27 acceleration if costs peak

₹1/share maintained despite PAT drop, attractive 1-2% yield vs sector avg for income portfolios

Goodwill +78% to ₹1,485.74M, monitor FY27 for revenue uplift from deals

May 20 board approval of FY26 results, potential beat if sector resilient post-NIIT

Reopens May 17, watch for director buys signaling undervaluation at current levels

Audio transcript live, extract forward guidance on cost controls/margins for trading edge

NIIT revenue growth > sector est. 5-7%, pair trade vs laggards on profit recovery thesis

Noida board meet May 20, stable ops in hardware/IT distribution for turnaround play

NIIT FY26 revenue +9.2% YoY (Q4 +15.6%) but PBT -61%, PAT -88%; signals BSE IT cost inflation (employee +14%, outsourcing +19%) pressuring 4/4 filings indirectly [IMPLICATION: Trim high-cost IT services]

NIIT ₹109.54M incl. Labour Codes, potential sector-wide ₹50-100M hits in FY26 for compliance [IMPLICATION: Reserve for regulatory drags in valuations]

NIIT dividend ₹1/share unchanged, no buybacks/splits; BSE IT favors dividends over reinvestment amid uncertainty [IMPLICATION: Income strategies outperform growth bets]

HCL May 20 board + NIIT post-call analysis, 2/4 filings flag Q4FY26 results wave [IMPLICATION: Volatility spike, position pre-May 20]

Closures since Apr 1 (HCL), reopens May 17 (NIIT), sector-wide insider pause pre-results [IMPLICATION: Post-window flows key for direction]

FY26 results approval May 20, monitor for revenue/PAT trends vs NIIT's mixed print [May 20, 2026]

Reopens for designated persons May 17, track insider buys/sells for conviction [May 17, 2026]

Analyze Q4FY26 audio transcript for FY27 guidance on costs/growth [Immediate, link available]

Watch Q1FY27 for margin rebound post-exceptionals ₹109.54M [Jun-Jul 2026 est.]

Post-May 20 filing for standalone/consolidated FY26, compare costs to NIIT +14-19% [Post-May 20]

Monitor post-window activity across constituents for sector conviction patterns [From May 17]

Track record date for ₹1/share payout, potential support level [TBD post-approval]